Can I retire at age 60 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$74,321$73,659$73,013$72,383$71,767$71,465
2 years$36,793$36,107$35,443$34,799$34,175$33,870
3 years$24,285$23,597$22,934$22,296$21,682$21,383
4 years$18,032$17,346$16,690$16,063$15,464$15,174
5 years$14,281$13,599$12,952$12,338$11,755$11,475
6 years$11,782$11,105$10,467$9,867$9,302$9,031
7 years$9,997$9,326$8,698$8,112$7,565$7,305
8 years$8,659$7,994$7,377$6,805$6,276$6,026
9 years$7,619$6,960$6,354$5,796$5,285$5,046
10 years$6,787$6,135$5,539$4,997$4,503$4,274
11 years$6,108$5,462$4,877$4,348$3,873$3,653
12 years$5,541$4,902$4,328$3,814$3,356$3,146
13 years$5,063$4,430$3,867$3,367$2,927$2,726
14 years$4,653$4,027$3,474$2,989$2,565$2,375
15 years$4,298$3,679$3,137$2,666$2,259$2,077
16 years$3,987$3,375$2,844$2,387$1,996$1,824
17 years$3,714$3,108$2,588$2,145$1,770$1,606
18 years$3,471$2,872$2,362$1,933$1,574$1,418
19 years$3,254$2,662$2,163$1,746$1,403$1,255
20 years$3,059$2,474$1,985$1,582$1,253$1,113
21 years$2,883$2,304$1,826$1,436$1,121$989
22 years$2,722$2,151$1,683$1,305$1,005$880
23 years$2,577$2,012$1,554$1,189$902$784
24 years$2,443$1,885$1,437$1,084$811$699
25 years$2,320$1,769$1,331$990$730$625
26 years$2,207$1,662$1,234$905$657$558
27 years$2,103$1,564$1,146$829$593$499
28 years$2,006$1,474$1,065$759$535$447
29 years$1,916$1,391$991$696$483$401
30 years$1,832$1,313$924$639$436$359
31 years$1,754$1,242$861$587$394$322
32 years$1,680$1,175$803$539$357$289
33 years$1,612$1,113$750$496$323$259
34 years$1,547$1,054$701$456$292$233
35 years$1,487$1,000$655$420$265$209
36 years$1,429$949$613$387$240$188
37 years$1,375$902$574$356$217$169
38 years$1,324$857$537$329$197$152
39 years$1,276$815$503$303$179$137
40 years$1,230$775$472$279$162$123
41 years$1,187$738$442$258$147$110
42 years$1,146$703$415$238$133$99
43 years$1,107$670$389$220$121$89
44 years$1,069$638$366$203$110$80
45 years$1,034$609$343$187$100$72
46 years$1,000$581$322$173$91$65
47 years$968$554$303$160$82$59
48 years$937$529$285$148$75$53
49 years$907$505$267$136$68$48
50 years$879$482$251$126$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $900,000, adding $5,929 every year, while hoping to spend $58,957 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 29/42/29 Blend
59$900,000$900,000$900,000$900,000
60$997,916$950,216$936,266$1,017,807
61$1,036,973$934,047$904,901$1,017,886
62$1,078,039$915,109$870,509$1,012,477
63$1,121,255$893,205$832,927$1,005,496
64$1,166,776$868,126$791,984$996,849
65$1,214,772$839,649$747,500$986,439
66$1,265,427$807,540$699,289$974,165
67$1,318,941$771,550$647,156$959,923
68$1,375,534$731,416$590,896$943,607
69$1,435,443$686,861$530,296$925,107
70$1,498,931$637,590$465,134$904,311
71$1,566,283$583,292$395,177$881,102
72$1,637,810$523,640$320,181$855,363
73$1,713,853$458,285$239,894$826,974
74$1,794,786$386,860$154,050$795,813
75$1,881,017$308,979$62,374$761,758
76$1,972,993$224,231$0$724,684
77$2,071,204$132,184$0$695,441
78$2,176,187$32,382$0$684,242
79$2,288,530$0$0$671,741
80$2,408,879$0$0$692,887
81$2,537,942$0$0$731,709
82$2,676,495$0$0$773,488
83$2,825,390$0$0$818,493
84$2,985,564$0$0$867,021
85$3,158,042$0$0$919,398
86$3,343,954$0$0$975,982
87$3,544,538$0$0$1,037,165
88$3,761,155$0$0$1,103,380
89$3,995,303$0$0$1,175,103
90$4,248,625$0$0$1,252,856
91$4,522,929$0$0$1,337,212
92$4,820,201$0$0$1,428,806
93$5,142,627$0$0$1,528,330
94$5,492,609$0$0$1,636,550
95$5,872,791$0$0$1,754,307
96$6,286,079$0$0$1,882,526
97$6,735,672$0$0$2,022,226
98$7,225,089$0$0$2,174,528
99$7,758,201$0$0$2,340,664
100$8,339,269$0$0$2,521,993